Match each statement with the economy it best reflects(1 point)
Command economy Market economy
Prices are set by supply and demand.
Command economy – Prices are set by supply and demand.
Market economy – Prices are set by supply and demand.
The government decided how much of an item should be produced.
Command economy – The government decided how much of an item should be produced.
Market economy – The government decided how much of an item should be produced.
Business owners make decisions about how to run their companies.
Command economy – Business owners make decisions about how to run their companies.
Market economy – Business owners make decisions about how to run their companies.
Legal policies are put into place that control prices.
Command economy – Legal policies are put into place that control prices.
Market economy – Legal policies are put into place that control prices.